Bakery ingredients are used in the preparation of bakery products. They hold a dominant position in improving the quality of baked products along with its longevity. Most commonly used bakery ingredients include an emulsifier, enzymes, starch, baking powder and mixes, colors & flavors, oil, fats & shortenings, and others. Each ingredient holds a significant role and functionality in preparation of bakery products. They offer several advantages such as reduced costs, increase protein content, volume enhancement, texture, color, and flavor enhancement.
Changing lifestyle followed by growing consumption of convenience products is driving the growth of the global bakery ingredients market. Moreover, rising demand for bakery products is boosting the growth of the bakery ingredients market.
Increasing concern about obesity and inclination towards healthy diet is influencing innovation in bakery ingredients for low trans fats and gluten-free products. Continuous development of the packaging material and increased product diversification in the bakery industry is supporting the growth of the market. However, growing substitutes of bakery products may hamper the market growth.
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Key Players and Competition Analysis
Some of the key players profiled in the global bakery ingredients market are Archer Daniels Midland Company (U.S.), Kerry Group PLC (Ireland), Cargill Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Tate & Lyle plc (U.K.), Associated British Foods PLC (U.K.), and Lallemand, Inc. (Canada)
Based on type, bakery ingredients are segmented as an emulsifier, enzymes, starch, baking powder and mixes, colors & flavors, oil, fats & shortenings, and others. Among all, baking powder and mixes segment are dominating the market. It is often used as a substitute for yeast in the baking industry owing to its quick processing time. However, emulsifier and enzymes are projected to be the fastest growing segment over the forecasted period.
Browse the market data and information spread across 110 pages with 20 data tables and 15 figures of the report “Bakery Ingredients Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/bakery-ingredients-market-4928
The global bakery ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market followed by Europe. Asia Pacific is the fastest growing region for bakery ingredients market in which emerging markets of India and China are the major contributors.
In North America owing to the busy work schedule, most of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of bakery ingredients in this region. In Europe, the U.K., Germany, and France are the major contributors to bakery ingredients market. Furthermore, rapid innovation in bakery industry with product diversification is likely to boost the growth of bakery ingredients in rest of the world.
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